This puzzle was created to commemorate the upcoming Summer Olympic Games Paris 2024.
Posted coordinates are near the Olympic Experience building in Tel Aviv (replacing one of the Tokyo puzzles which was archived recently)
Cache is elsewhere.
The puzzle - Iconic moments in Olympics history:
X=(A/B)*2
Y=(C-D)*B
Final location is
N 32 6.X+13
E 34 49.(D/3 -Y)+B